Latest news
Daily (24.07.2023): The German day-ahead power price dropped by around 27% amid strong renewables and low demand
Crude oil prices increased on Friday following the announcement made by Russia and Saudi Arabia to reduce production and exports. Hence, Brent crude hiked by 1.8% to end at $81.07 a barrel.
read more... 24/07/2023
Lawmakers reintroduce nuclear in EU’s net-zero industry list
Nuclear power was reintroduced as one of the preferred green technologies to revitalise Europe’s industry, according to a political agreement struck on Tuesday (18 July) by lawmakers in the European Parliament on the bloc’s proposed Net-Zero Industry Act.
read more... 21/07/2023
US to hold first offshore wind rights sale in Gulf of Mexico next month
The United States on Thursday said the first offshore wind power auction in the Gulf of Mexico will take place next month, an industry milestone President Joe Biden discussed during a trip to highlight the administration's efforts to boost clean energy.
read more... 21/07/2023
.jpg)
Global power demand growth to rebound in 2024 after slowdown
An ongoing energy crisis and an economic downturn is expected to slow global power demand growth in 2023, but a probable rebound in 2024 means more renewable capacity needs to be developed, the International Energy Agency (IEA) said on Wednesday.
read more... 20/07/2023
Germany adds 60% more onshore wind power in H1 but pace seen too slow
Germany added 60% more onshore wind capacity in the first half of 2023 than a year earlier at a total of 1,565 megawatts (MW), but needs far more to reach its 2030 target, wind industry lobbies said on Tuesday.
read more... 19/07/2023